Shenyang Huitian Thermal Power Co (SZSE:000692) LT-Debt-to-Total-Asset : 0.04 (As of Sep. 2024)

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What is Shenyang Huitian Thermal Power Co LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Shenyang Huitian Thermal Power Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.04.

Shenyang Huitian Thermal Power Co's long-term debt to total assets ratio declined from Sep. 2023 (0.07) to Sep. 2024 (0.04). It may suggest that Shenyang Huitian Thermal Power Co is progressively becoming less dependent on debt to grow their business.

Shenyang Huitian Thermal Power Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shenyang Huitian Thermal Power Co's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Shenyang Huitian Thermal Power Co LT-Debt-to-Total-Asset Chart

Shenyang Huitian Thermal Power Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.17

0.10

0.06

0.05

Shenyang Huitian Thermal Power Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.07	0.05	0.05	0.05	0.04

Shenyang Huitian Thermal Power Co LT-Debt-to-Total-Asset Calculation

Shenyang Huitian Thermal Power Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	249.874	/	5402.954
	=	0.05

Shenyang Huitian Thermal Power Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	234.783	/	5556.472
	=	0.04

Shenyang Huitian Thermal Power Co (SZSE:000692) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Shenyang Huitian Thermal Power Co LT-Debt-to-Total-Asset Related Terms

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Shenyang Huitian Thermal Power Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Shenyang Huitian Thermal Power Co Ltd (SZSE:000692) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

47 Hot Road, Shenhe District, Shenyang, CHN, 110014

Website

http://www.htrd.cn

Shenyang Huitian Thermal Power Co Ltd operates as central heating company in China. It is also involved in the installation of equipment, construction of industrial pipelines, and civil engineering activities. In addition, the company manufactures and installs non-standard structural parts; sells ammonium sulfate; and retails plumbing materials.

Executives

Gao Jian	Supervisors
Li Kuo	Supervisors
Li Bing	Supervisors
Yang Wen Gang	Executives
Fu Jiang	Executives
Hou Xiu Hong	Supervisors
Zhang Chao Ying	Executives
Liu Li	Supervisors
Yu Jing	Supervisors
Wang Dong Sheng	Director
Sun Jie	Director

Shenyang Huitian Thermal Power Co Headlines

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